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Bitcoin (BTC) has seen solid growth to break back above the $7,000 mark today, August 7. The overall crypto market is seeing a healthy flush of green, rallying forth after the weekend’s losses, as data from Coin360 shows.
Market visualization from Coin360
Bitcoin (BTC) is trading around $7,118 at press time, up around 2.5 percent on the day. After several faltering attempts to break past the $7,000 threshold yesterday, the leading cryptocurrency has today seen a sustained uptick as of very early trading hours. Today’s growth has not yet pushed the coin’s weekly price change back into the green, however, which still remains at around an 8 percent loss. On the month, Bitcoin is now up almost 9 percent.
Bitcoin’s 24-hour price chart. Source: Cointelegraph Bitcoin Price Index
Fundstrat’s head of research and well-known Bitcoin bull Tom Lee today used his firm’s recently launched Bitcoin Misery Index (BMI) to evaluate the coin’s current market momentum. The index determines that any value
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Bitcoin Posts Solid Gains to Break Above $7,000 While Altcoins See Green